Word: jute
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...manufactures rifles, machine guns, small-arms ammunition, artillery, propellers, blankets, military clothing and boots, rubber tires, railway equipment-some 20,000 separate items of war tackle. She also produces steel and coal, aviation and automobile gasoline, lubricating oils and lumber, has supplied Great Britain with 700,000,000 jute sandbags. A Bombay aircraft factory is expected to start turning out bombers and fighters this month...
...Samuel Hoare in Madrid and signed a commercial agreement that freed frozen Spanish credits in Britain and provided the basis for a revival of Anglo-Spanish trade. Opening transactions included the sending of 6.000 tons of manganese ore, urgently needed by the Spanish steel industry, and a cargo of jute from India. Spain contracted to send her entire export crop of bitter oranges and large quantities of sweet oranges to England, and was assured of an end to difficulties over the import of seed potatoes...
...Halls and Yawd of Haavahd for the first time since the date of its founding. Until that time, however, its Athletic Policy will remain the same. Admission to Haavahd's De-emphasized Football Games will still cost two empty coke bottles, a worn out light bulb and three Old Jute Bags. And it will be worth it. The Cornell Daily...
Reason for the slide was the news that Britain would tighten her controls over foreign exchange. Late last month her new rules went into effect. No Briton can now export rubber, tin, Scotch whiskey, jute or furs to the U. S. unless he is paid either 1) in dollars, or 2) in sterling bought at the official Norman rate. Since these products are an important share of British ex ports to the U. S., practically dominate the U. S. supply for them, many a U. S. importer had no further use for free sterling, deserted the Black Bourse...
...jute, tin, rubber, fur and whiskey buyers, the new rules made little difference. But for other goods, the de clining free pound was the same sort of mixed blessing as would be a reduction in U. S. tariffs. British custom tailors with clients in New York began calling attention to the availability of fine English woolens. U. S. fabricators, fearing increased imports from Britain, took alarm. The U. S. cotton market jittered as Bombay prices cheapened in relation to domestic ones. Alarmed too were some U. S. exporters who compete with Britons in foreign markets, especially when the British & Latin...